Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis.

The Americas Business Dialogue (ABD), a mechanism for advancing a public-private dialogue on public policies, today released a series of recommendations that seek to support the governments of the hemisphere in their health and economic response to the emergency of COVID-19.
The 17 measures proposed by ABD can be found in the document Policy Recommendations on Addressing the Coronavirus Disease (COVID-19) Pandemic and Mitigating Its Impacts.

The Inter-American Development Bank, through the ConnectAmericas business platform, launched today an interactive map that allows users to quickly locate and find suppliers of goods and services in Latin America and the Caribbean, and the rest of the world, to face the pandemic of COVID-19.

The Inter-American Development Bank (IDB) launched today its 2019 Sustainability Report with information on its integrated approach to sustainability, the footprint of greenhouse gases (GHG) of its loan portfolio and the achievements of its Corporate Sustainability Program. For the first time, the report also includes information on the systematic assessment of disaster risk and climate change from its projects.

The Inter-American Development Bank, through the IDB Lab and ConnectAmericas, has joined forces with the Latin American Angel Investment Association (XCALA) to launch Venture Academy, a virtual and live training program on issues of entrepreneurship and capital raising for technology-based startups, small and medium-sized companies, and investors in Latin America and the Caribbean.

The 2020 Latin American and Caribbean Macroeconomic Report analyzes growth scenarios amid coronavirus pandemic
Latin America and the Caribbean will see sharp growth reductions of between 1.8 percent and 5.5 percent of GDP in 2020 due to the impact of the coronavirus pandemic.

The Group will finance a response to the public health emergency; safety nets for vulnerable populations; economic productivity and employment; and fiscal policies to ameliorate economic impacts.
The Inter-American Development Bank and IDB Invest have outlined their focus for deploying the financial and technical resources made available to borrowing member countries and companies to address the crisis created by COVID-19, the disease caused by the coronavirus.

CloudWorking trainings will be held to facilitate the successful implementation of remote work programs.
The agreement includes the donation of TransparentBusiness licenses to startups and SMEs founded by women.
The Inter-American Development Bank (IDB) will join forces with TransparentBusiness, the platform for verifiable management of geographically distributed teams, to facilitate access to remote working technologies to SMEs in Latin America and the Caribbea

Latin America and the Caribbean (LAC) need to strengthen governance and integrity mechanisms to improve the quality and implementation of public policies, reduce corruption and increase public trust in government, according to the third edition of Government at a Glance: Latin America and the Caribbean 2020.